Flanigan's Enterprises (BDL) 10-Q 24 May 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 02, 2022	May 24, 2022
Cover [Abstract]
Entity Central Index Key	0000012040
Current Fiscal Year End Date	--10-01
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 2, 2022
Document Transition Report	false
Entity File Number	1-6836
Entity Registrant Name	FLANIGAN'S ENTERPRISES, INC.
Entity Incorporation State or Country Code	FL
Entity Tax Identification Number	59-0877638
Entity Address, Address Line One	5059 N.E. 18th Avenue
Entity Address, City or Town	Fort Lauderdale
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33334
City Area Code	954
Local Phone Number	377-1961
Title of 12(b) Security	Common Stock, $.10 par value
Trading Symbol	BDL
Name of Exchange on which Security is Registered	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,858,647

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Apr. 02, 2022	Apr. 03, 2021
REVENUES:
Restaurant food sales	$ 24,775	$ 20,689	$ 46,980	$ 39,017
Restaurant bar sales	6,669	5,050	12,676	9,493
Package store sales	8,148	7,830	16,659	15,841
Franchise related revenues	478	422	924	808
Rental income	199	226	398	413
Other operating income	61	140	96	165
Total	40,330	34,357	77,733	65,737
Cost of merchandise sold:
Restaurant and bar	11,374	8,462	21,707	15,984
Package stores	5,869	5,668	12,209	11,519
Payroll and related costs	12,031	10,464	24,267	19,927
Occupancy costs	1,715	1,602	3,413	3,408
Selling, general and administrative expenses	7,491	5,368	13,522	10,836
Total	38,480	31,564	75,118	61,674
Income from Operations	1,850	2,793	2,615	4,063
OTHER INCOME (EXPENSE):
Interest expense	(177)	(248)	(370)	(527)
Interest and other income	23	19	37	31
Gain on forgiveness of PPP loans		3,653	3,488	3,653
Gain on sale of property and equipment		8	11	33
Total other income (expense)	(154)	3,432	3,166	3,190
Income before Provision for Income Taxes	1,696	6,225	5,781	7,253
Provision for Income Taxes	(353)	(533)	(500)	(529)
Net Income	1,343	5,692	5,281	6,724
Less: Net loss income attributable to noncontrolling interests	317	(3,241)	(2,057)	(3,493)
Net Income attributable to Flanigan's Enterprises, Inc. stockholders	$ 1,660	$ 2,451	$ 3,224	$ 3,231
Net Income Per Common Share:
Basic and Diluted	$ 0.89	$ 1.32	$ 1.73	$ 1.74
Basic and Diluted	1,858,647	1,858,647	1,858,647	1,858,647

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 02, 2022	Oct. 02, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 40,666	$ 32,676
Prepaid income taxes		139
Other receivables	564	450
Inventories	4,928	4,283
Prepaid expenses	3,418	2,242
Total Current Assets	49,576	39,790
Property and Equipment, Net	55,541	51,441
Construction in Progress	4,708	5,445
Total Property, Equipment and Construction in Progress	60,249	56,886
Right-of-use assets, operating leases	28,900	28,559
Investment in Limited Partnerships	309	1,122
OTHER ASSETS:
Liquor licenses	822	822
Leasehold interests, net	97	118
Other	920	705
Total Other Assets	1,839	1,645
Total Assets	140,873	128,002
CURRENT LIABILITIES:
Accounts payable and accrued expenses	11,421	9,770
Income taxes payable	211
Due to franchisees	5,398	4,478
Current portion of long-term debt	3,532	2,555
Operating lease liability, current	2,213	2,009
Deferred revenue	1,744	1,411
Dividends payable	1,861
Total Current Liabilities	26,380	20,223
Long Term Debt, Net of Current Portion	15,255	19,560
Operating lease liabilities, non-current	27,579	27,183
Deferred tax liabilities	493	406
Total Liabilities	69,707	67,372
COMMITMENTS AND CONTINGENCIES
Flanigan’s Enterprises, Inc. Stockholders’ Equity
Common stock, $.10 par value, 5,000,000 shares authorized; 4,197,642 shares issued	420	420
Capital in excess of par value	6,240	6,240
Retained earnings	51,995	50,632
Treasury stock, at cost, 2,338,995 shares	(6,077)	(6,077)
Total Flanigan’s Enterprises, Inc. stockholders’ equity	52,578	51,215
Noncontrolling interest	18,588	9,415
Total stockholders’ equity	71,166	60,630
Total liabilities and stockholders' equity	$ 140,873	$ 128,002

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 02, 2022	Oct. 02, 2021
Statement of Financial Position [Abstract]
Common stock, par value	$ 10	$ 10
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	4,197,642	4,197,642
Treasury stock, shares, at cost	2,338,995	2,338,995

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interests [Member]	Total
Balance, beginning at Oct. 03, 2020	$ 420	$ 6,240	$ 38,848	$ (6,077)	$ 6,125	$ 45,556
Balance, shares, beginning at Oct. 03, 2020	4,197,642			2,338,995
Net income (loss)			780		252	1,032
Distributions to noncontrolling interests					(242)	(242)
Balance, ending at Jan. 02, 2021	$ 420	6,240	39,628	$ (6,077)	6,135	46,346
Balance, shares, ending at Jan. 02, 2021	4,197,642			2,338,995
Balance, beginning at Oct. 03, 2020	$ 420	6,240	38,848	$ (6,077)	6,125	45,556
Balance, shares, beginning at Oct. 03, 2020	4,197,642			2,338,995
Net income (loss)						6,724
Balance, ending at Apr. 03, 2021	$ 420	6,240	42,079	$ (6,077)	8,893	51,555
Balance, shares, ending at Apr. 03, 2021	4,197,642			2,338,995
Balance, beginning at Jan. 02, 2021	$ 420	6,240	39,628	$ (6,077)	6,135	46,346
Balance, shares, beginning at Jan. 02, 2021	4,197,642			2,338,995
Net income (loss)			2,451		3,241	5,692
Distributions to noncontrolling interests					(483)	(483)
Balance, ending at Apr. 03, 2021	$ 420	6,240	42,079	$ (6,077)	8,893	51,555
Balance, shares, ending at Apr. 03, 2021	4,197,642			2,338,995
Balance, beginning at Oct. 02, 2021	$ 420	6,240	50,632	$ (6,077)	9,415	60,630
Balance, shares, beginning at Oct. 02, 2021	4,197,642			2,338,995
Net income (loss)			1,564		2,374	3,938
Distributions to noncontrolling interests					(757)	(757)
Balance, ending at Jan. 01, 2022	$ 420	6,240	52,196	$ (6,077)	11,032	63,811
Balance, shares, ending at Jan. 01, 2022	4,197,642			2,338,995
Balance, beginning at Oct. 02, 2021	$ 420	6,240	50,632	$ (6,077)	9,415	60,630
Balance, shares, beginning at Oct. 02, 2021	4,197,642			2,338,995
Net income (loss)						5,281
Balance, ending at Apr. 02, 2022	$ 420	6,240	51,995	$ (6,077)	18,588	71,166
Balance, shares, ending at Apr. 02, 2022	4,197,642			2,338,995
Balance, beginning at Jan. 01, 2022	$ 420	6,240	52,196	$ (6,077)	11,032	63,811
Balance, shares, beginning at Jan. 01, 2022	4,197,642			2,338,995
Net income (loss)			1,660		(317)	1,343
Distributions to noncontrolling interests					(757)	(757)
Sale of noncontrolling interests					8,630	8,630
Dividends payable			(1,861)			(1,861)
Balance, ending at Apr. 02, 2022	$ 420	$ 6,240	$ 51,995	$ (6,077)	$ 18,588	$ 71,166
Balance, shares, ending at Apr. 02, 2022	4,197,642			2,338,995

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,281	$ 6,724
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation and amortization	1,400	1,493
Amortization of leasehold interests	21	43
Amortization of finance lease right-of-use asset		198
Amortization of operating lease right-of-use asset	1,177	1,258
Gain on forgiveness of PPP loans	(3,488)	(3,653)
Finance lease interest expense		109
Gain on sale of property and equipment	(11)	(33)
Loss on abandonment of property and equipment	13	16
Amortization of deferred loan costs	17	20
Deferred income taxes	87	352
Organizational costs	35
Income from unconsolidated limited partnership	(15)	(111)
Deferred revenue	333
(Increase) decrease in
Other receivables	(114)	184
Prepaid income taxes	139	(275)
Inventories	(645)	(548)
Prepaid expenses	854	1,117
Other assets	(59)	215
Increase (decrease) in:
Accounts payable and accrued expenses	1,987	741
Operating lease liabilities	(918)	(2,111)
Income taxes payable	211	166
Due to franchisees	920	1,187
Net cash and cash equivalents provided by operating activities	7,225	7,092
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(2,230)	(4,114)
Purchase of construction in progress	(1,881)	(847)
Deposits on property and equipment	(509)	(296)
Proceeds from sale of fixed assets	30	49
Distributions from unconsolidated limited partnership	16	12
Investment in limited Partnership		(297)
Net cash and cash equivalents used in investing activities	(4,574)	(5,493)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of long term debt	(1,742)	(1,495)
Deferred loan costs		(56)
Proceeds from PPP loans		3,464
Proceeds from noncontrolling interest offering	8,595
Principal payments on finance leases		(81)
Distributions to limited partnerships' noncontrolling interests	(1,514)	(725)
Net cash and cash equivalents provided by financing activities	5,339	1,107
Net Increase in Cash and Cash Equivalents	7,990	2,706
Beginning of Period	32,676	29,922
End of Period	40,666	32,628
Cash paid during period for:
Interest	370	527
Income taxes	63	61
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Financing of insurance contracts	1,861	1,377
Purchase deposits transferred to property and equipment	44	14
Purchase deposits transferred to CIP	309	18
CIP capitalized to property, plant and equipment	3,258
CIP in accounts payable	331
Dividends declared and unpaid	1,861
Operating lease liabilities arising from ROU asset	1,518	5,787
Purchase of vehicle in exchange for debt		58
Purchase of property in exchange for debt		$ 2,200

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Apr. 02, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	(1) BASIS OF PRESENTATION: The accompanying condensed consolidated financial information for the periods ended April 2, 2022 and April 3, 2021 is unaudited. Financial information as of October 2, 2021 has been derived from the audited financial statements of Flanigan’s Enterprises, Inc., a Florida corporation, together with its subsidiaries, (the “Company”, “we”, “our”, “ours” and “us” as the context requires), but does not include all disclosures required by accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated have been included. For further information regarding the Company's accounting policies, refer to the Consolidated Financial Statements and related notes included in the Company's Annual Report on Form 10-K for the year ended October 2, 2021. Operating results for interim periods are not necessarily indicative of results to be expected for a full year. The condensed consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and the accounts of the ten limited partnerships in which we act as general partner and have controlling interests. All intercompany balances and transactions have been eliminated. Non-controlling interest represents the limited partners’ proportionate share of the net assets and results of operations of the ten limited partnerships. These condensed consolidated financial statements include estimates relating to loyalty reward programs. The estimates are reviewed periodically and the effects of any revisions are reflected in the financial statements in the period they are determined to be necessary. The condensed consolidated financial statements include estimates relating to the calculation of incremental borrowing rates and length of leases associated with right-of-use assets and corresponding liabilities. Although these estimates are based on management’s knowledge of current events and actions it may take in the future, they may ultimately differ from actual results.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Apr. 02, 2022
Net Income Per Common Share:
EARNINGS PER SHARE	(2) EARNINGS PER SHARE: We follow Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Section 260 - “ Earnings per Share

RECENTLY ADOPTED AND RECENTLY I

RECENTLY ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Apr. 02, 2022
Recent Adopted And Recent Issued Accounting Pronouncements
RECENTLY ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	(3) RECENTLY ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS: Adopted There are no accounting pronouncements that we have recently adopted. 8 Index (3) RECENTLY ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS: Recently Issued The FASB issued guidance, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedient and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In response to the concerns about structural risks of interbank offered rates (“IBORs”) and, particularly, the risk of cessation of the LIBOR, regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction based and less susceptible to manipulation. This accounting standards update provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. LIBOR rates will be published until June 30, 2023 and all principal and interest of the $1.405M Loan will be due in full on January 23, 2023 and all principal and interest of the Term Loan will be fully amortized and is anticipated to be paid in full as of December 28, 2022 so the discontinuance of LIBOR rates is not expected to have any impact on us.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Apr. 02, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	(4) INCOME TAXES: We account for our income taxes in interim periods using FASB ASC Topic 740-270, “ Income Taxes

PRIVATE OFFERINGS

PRIVATE OFFERINGS	6 Months Ended
	Apr. 02, 2022
Private Offerings
PRIVATE OFFERINGS	(5) PRIVATE OFFERINGS: CIC Investors #85, Ltd. (Flanigan’s, Sunrise, Florida) On October 15, 2021, we began a private offering for CIC Investors #85, Ltd., a Florida limited partnership of which the Company acts as general partner, to raise $5,000,000 through the sale of limited partnership units in the same. Limited partnership units were sold for $5,000 each, minimum purchase of two. which funds are intended to be used to satisfy (including reimbursement to us for advances we have made), build-out and renovation expenses and the purchase of such furniture, fixtures and equipment necessary for operation of our Sunrise, Florida restaurant under the service mark “Flanigan’s”. By February 15, 2022, we sold all limited partnership units, raising $5,000,000. The Company purchased 74 limited partnership units ($370,000) upon the same terms and conditions as all other investors. Capital raised from private investors is credited to sale of noncontrolling interests in our Statements of Stockholders’ Equity. On March 30, 2022, the Escrow Agent delivered $4,612,500 to the Company, representing the private offering proceeds ($5,000,000), less the Company’s purchase of 74 limited partnership units, ($370,000) and less organizational costs, ($17,500). This restaurant opened for business on March 22, 2022. Under ASC 810, Consolidation, the Company, which is the entity issuing financial statements, is required to consolidate CIC Investors #85, Ltd. as we have a controlling interest in CIC Investors #85, Ltd. as general partner, although the Company has a 7.40% ownership. CIC Investor #25, Ltd. (Flanigan’s, Miramar, Florida) On October 15, 2021, we began a private offering for CIC Investors #25, Ltd., a Florida limited partnership of which the Company acts as general partner, to raise $4,000,000 through the sale of limited partnership units in the same. Limited partnership units were sold for $5,000 each, minimum purchase of two, which funds are intended to be used to satisfy (including reimbursement to us for advances we have made), build-out and renovation expenses and the purchase of such furniture, fixtures and equipment necessary for operation of our Miramar, Florida restaurant under the service mark “Flanigan’s. By February 15, 2022, we sold all limited partnership units, raising $4,000,000. The Company did not purchase any limited partnership units. Capital raised from private investors is credited to sale of noncontrolling interests in our Statements of Stockholders’ Equity. On March 30, 2022, the Escrow Agent delivered $3,982,500 to the Company, representing the private offering proceeds ($4,000,000), less organizational costs, ($17,500). It is anticipated that this restaurant will open for business the beginning of October, 2022. Under ASC 810, Consolidation, the Company, which is the entity issuing financial statements, is required to consolidate CIC Investors #25, Ltd. as we have a controlling interest in CIC Investors #25, Ltd. as general partner, although the Company has no direct ownership.

DEBT

DEBT	6 Months Ended
	Apr. 02, 2022
Debt Disclosure [Abstract]
DEBT	(6) DEBT: Financed Insurance Premiums During the twenty-six weeks ended April 2, 2022, we financed the premiums on the following property, general liability, excess liability and terrorist policies, totaling approximately $2.54 million, which property, general liability, excess liability and terrorist insurance includes coverage for our franchises which are not included in our consolidated financial statements: (i) For the policy year beginning December 30, 2021, our general liability insurance, excluding limited partnerships, is a one (1) year policy with our insurance carriers. The one (1) year general liability insurance premium is in the amount of $467,000; (ii) For the policy year beginning December 30, 2021, our general liability insurance for our limited partnerships is a one (1) year policy with our insurance carriers. The one (1) year general liability insurance premium is in the amount of $589,000; 9 Index (iii) For the policy year beginning December 30, 2021, our automobile insurance is a one (1) year policy. The one (1) year automobile insurance premium is in the amount of $194,000; (iv) For the policy year beginning December 30, 2021, our property insurance is a one (1) year policy. The one (1) year property insurance premium is in the amount of $700,000; (v) For the policy year beginning December 30, 2021, our excess liability insurance are two (2) one (1) year policies. The aggregate (1) year excess liability insurance premiums are in the amount of $576,000; (vi) For the policy year beginning December 30, 2021, our terrorist insurance is a one (1) year policy. The one (1) year terrorist insurance premium is in the amount of $8,900; and (vii) For the policy year beginning December 30, 2021, our equipment breakdown insurance is a one (1) year policy. The one (1) year equipment breakdown insurance premium is in the amount of $6,800. Of the $2,542,000 annual premium amounts, which includes coverage for our franchises which are not included in our consolidated financial statements, we financed $2,328,000 through an unaffiliated third party lender. The finance agreement obligates us to repay the amounts financed together with interest at the rate of 2.55% per annum, over 11 months, with monthly payments of principal and interest, each in the amount of $215,000. The finance agreement is secured by a first priority security interest in all insurance policies, all unearned premium, return premiums, dividend payments and loss payments thereof. As of April 2, 2022, the aggregate principal balance owed from the financing of our property and general liability insurance policies is $1,527,000, excluding coverage for our franchises, (of approximately $408,000), which are not included in our consolidated financial statements.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	(7) COMMITMENTS AND CONTINGENCIES: Construction Contracts (a) 7990 Davie Road Extension, Hollywood, Florida (Store #19 – “Big Daddy’s Wine & Liquors”) During the third quarter of our fiscal year 2019, we entered into an agreement with a third party unaffiliated general contractor for site work at this location totaling $1,618,000, (i) to connect the real property where this restaurant operated (Store #19) to city sewer and (ii) to construct a new building on the adjacent parcel of real property for the operation of a package liquor store. During our fiscal years 2020 and 2021, we agreed to change orders to the agreement for additional construction services increasing the total contract price by $624,000 to $2,242,000, of which $1,951,000 has been paid through April 2, 2022 and $-0- has been paid subsequent to the end of the second quarter of our fiscal year 2022 through the date of filing of this quarterly report. (b) 2505 N. University Drive, Hollywood, Florida (Store #19 – “Flanigan’s”) During the third quarter of our fiscal year 2019, we entered into an agreement with an unaffiliated third party architect for design and development services totaling $77,000 for the re-build of our restaurant located at 2505 N. University Drive, Hollywood, Florida (Store #19), which has been closed since October 2, 2018 due to damages caused by a fire, of which $62,000 has been paid. During the first quarter of our fiscal year 2022, we entered into an agreement with a third party unaffiliated general contractor to re-build our restaurant at this location for $2,515,000, of which $226,000 has been paid subsequent to the end of the second quarter of our fiscal year 2022 through the date of filing of this quarterly report. 10 Index (c) 14301 W. Sunrise Boulevard, Sunrise, Florida (Store #85 – “Flanigan’s”) During the third quarter of our fiscal year 2019, we entered into an agreement with an unaffiliated third party design group for design and development services of our new location at 14301 W. Sunrise Boulevard, Sunrise, Florida 33323 (Store #85) for a total contract price of $122,000. During our fiscal year 2020, we agreed upon amendments to the $122,000 Contract for additional design and development services which had the effect of increasing the total contract price by $18,000 to $140,000, of which $131,000 has been paid through April 2, 2022. Additionally, during the fourth quarter of our fiscal year 2020, we entered into an agreement with a third party unaffiliated general contractor for interior renovations at this location totaling $1,236,000 and through the second quarter our fiscal year 2022 we agreed to change orders to the agreement for additional interior renovations increasing the total contract price by $215,000 to $1,451,000, which has been paid in full by the end of the second quarter of our fiscal year 2022. (d) 11225 Miramar Parkway, #250, Miramar, Florida (Store #25 - “Flanigan’s”) During the second quarter of our fiscal year 2022, we entered into an agreement with a third party unaffiliated general contractor for interior renovations at this location totaling $1,421,000, of which $-0- has been paid through April 2, 2022 and $180,000, has been paid subsequent to the end of the second quarter of our fiscal year 2022 through the date of filing of this quarterly report. (e) 11225 Miramar Parkway, #245, Miramar, Florida (Store #24 - “Big Daddy’s Wine and Liquors”) During the first quarter of our fiscal year 2022, we entered into an agreement with a third party unaffiliated general contractor for interior renovations at this location totaling $317,000, of which $93,000 has been paid through April 2, 2022 and $-0- has been paid subsequent to the end of the second quarter of our fiscal year 2022 through the date of filing of this quarterly report. Leases To conduct certain of our operations, we lease restaurant and package liquor store space in South Florida from unrelated third parties. Our leases have remaining lease terms of up to 10 years, some of which include options to renew and extend the lease terms for up to an additional 30 years. We presently intend to renew some of the extension options available to us and for purposes of computing the right-of-use assets and lease liabilities required by ASC 842, we have incorporated into all lease terms which may be extended, an additional term of the lesser of (i) the amount of years the lease may be extended; or (ii) 15 years. 11 Index Following the adoption of ASC 842 during our fiscal year ended October 3, 2020, common area maintenance and property taxes are not considered to be lease components. The components of lease expense are as follows: 13 Weeks 13 Weeks Ended April 2, 2022 Ended April 3, 2021 Finance Lease Amortization $ — $ 79,000 Finance Lease Expense, which is included in interest expense — 44,000 Operating Lease Expense, which is included in occupancy costs 916,000 808,000 $ 916,000 $ 931,000 26 Weeks 26 Weeks Ended April 2, 2022 Ended April 3, 2021 Finance Lease Amortization $ — $ 198,000 Finance Lease Expense, which is included in interest expense — 109,000 Operating Lease Expense, which is included in occupancy costs 1,834,000 1,867,000 $ 1,834,000 $ 2,174,000 Supplemental balance sheet information related to leases is as follows: Classification on the Condensed Consolidated Balance Sheet April 2, 2022 October 2, 2021 Assets Operating lease assets $ 28,900,000 $ 28,559,000 Liabilities Operating lease current liabilities 2,213,000 2,009,000 Operating lease non-current liabilities $ 27,579,000 $ 27,183,000 Weighted Average Remaining Lease Term: Operating leases 9.21 Years 8.93 Years Weighted Average Discount: Operating leases 4.52% 4.62% Total operating lease liabilities are as follows: For fiscal year 2022 Operating 2022 (six (6) months to October 1, 2022) $ 1,723,000 2023 3,501,000 2024 3,544,000 2025 3,537,000 2026 3,371,000 Thereafter 22,121,000 Total lease payments (Undiscounted cash flows) 37,797,000 Less imputed interest (8,005,000 ) Total operating lease liabilities $ 29,792,000 12 Index Litigation Our sale of alcoholic beverages subjects us to “dram shop” statutes, which allow an injured person to recover damages from an establishment that served alcoholic beverages to an intoxicated person. If we receive a judgment substantially in excess of our insurance coverage or if we fail to maintain our insurance coverage, our business, financial condition, operating results or cash flows could be materially and adversely affected. We currently have no “dram shop” claims. We are a party to various other claims, legal actions and complaints arising in the ordinary course of our business. It is our opinion, after consulting with legal counsel, that all such matters are without merit or involve such amounts that an unfavorable disposition would not have a material adverse effect on our financial position or results of operations.

CORONAVIRUS PANDEMIC

CORONAVIRUS PANDEMIC	6 Months Ended
	Apr. 02, 2022
Restaurant and lounges
CORONAVIRUS PANDEMIC	(8) CORONAVIRUS PANDEMIC: In March 2020, a novel strain of coronavirus was declared a global pandemic and a National Public Health Emergency. The novel coronavirus pandemic and related “shelter-in-place” orders and other governmental mandates relating thereto (collectively, “COVID-19”) adversely affected and will, in all likelihood continue to adversely affect, our restaurant operations and financial results for the foreseeable future. During the second quarter of our fiscal year 2021, certain of the entities owning the limited partnership stores (the “LP’s”), as well as the store we manage but do not own (the “Managed Store”), applied for and received loans from an unrelated third party lender pursuant to the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) enacted March 27, 2020, in the aggregate principal amount of approximately $3.98 million, (the “2 nd nd nd COVID-19 has had a material adverse effect on our access to supplies or labor and there can be no assurance that there will not be a significant adverse impact on our supply chain or access to labor in the future. We are actively monitoring our food suppliers to assess how they are managing their operations to mitigate supply flow and food safety risks. To ensure we mitigate potential supply availability risk, we are building additional inventory back stock levels when appropriate and we have also identified alternative supply sources in key product categories including but not limited to food, sanitation and safety supplies.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Apr. 02, 2022
Segment Reporting [Abstract]
BUSINESS SEGMENTS	(9) BUSINESS SEGMENTS: We operate principally in two reportable segments – package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. Information concerning the revenues and operating income for the thirteen weeks and twenty-six weeks ended April 2, 2022 and April 3, 2021, and identifiable assets for the two reportable segments in which we operate, are shown in the following table. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. In computing operating income, none of the following items have been included: interest expense, other non-operating income and expenses and income taxes. Identifiable assets by segment are those assets that are used in our operations in each segment. Corporate assets are principally cash and real property, improvements, furniture, equipment and vehicles used at our corporate headquarters. We do not have any operations outside of the United States and transactions between restaurants and package liquor stores are not material. 13 Index (in thousands) Thirteen Weeks Ended April 2, 2022 Thirteen Weeks Ended April 3, 2021 Operating Revenues: Restaurants $ 31,444 $ 25,739 Package stores 8,148 7,830 Other revenues 738 788 Total operating revenues $ 40,330 $ 34,357 Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests Restaurants $ 1,675 $ 2,037 Package stores 760 735 2,435 2,772 Corporate expenses, net of other revenues (585) 21 Income from operations 1,850 2,793 Interest expense (177 ) (248 ) Interest and other income 23 19 Gain on forgiveness of PPP Loans — 3,653 Gain on sale of property and equipment — 8 Income Before Provision for Income Taxes $ 1,696 $ 6,225 Provision for Income Taxes (353 ) (533 ) Net Income 1,343 5,692 Net Income Attributable to Noncontrolling Interests 317 (3,241 ) Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders $ 1,660 $ 2,451 Depreciation and Amortization: Restaurants $ 542 $ 578 Package stores 79 87 621 665 Corporate 101 97 Total Depreciation and Amortization $ 722 $ 762 Capital Expenditures: Restaurants $ 1,671 $ 5,523 Package stores 874 169 2,545 5,692 Corporate 239 454 Total Capital Expenditures $ 2,784 $ 6,146 14 Index Twenty Six Weeks Ended April 2, 2022 Twenty Six Weeks Ended April 3, 2021 Operating Revenues: Restaurants $ 59,656 $ 48,510 Package stores 16,659 15,841 Other revenues 1,418 1,386 Total operating revenues $ 77,733 $ 65,737 Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests Restaurants $ 2,052 $ 3,217 Package stores 1,442 1,450 3,494 4,667 Corporate expenses, net of other revenues (879 ) (604 ) Income from Operations 2,615 4,063 Interest expense (370 ) (527 ) Interest and Other Income 37 31 Gain on forgiveness of PPP Loans 3,488 3,653 Gain on sale of property and equipment 11 33 Income Before Provision for Income Taxes $ 5,781 $ 7,253 Provision for Income Taxes (500 ) (529 ) Net Income 5,281 6,724 Net Income Attributable to Noncontrolling Interests (2,057 ) (3,493 ) Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders $ 3,224 $ 3,231 Depreciation and Amortization: Restaurants 1,063 1,171 Package stores 158 176 1,221 1,347 Corporate 200 189 Total Depreciation and Amortization $ 1,421 $ 1,536 Capital Expenditures: Restaurants $ 2,924 $ 6,287 Package stores 1,395 282 4,319 6,569 Corporate 476 682 Total Capital Expenditures $ 4,795 $ 7,251 April 2, October 2, 2022 2021 Identifiable Assets: Restaurants $ 70,604 $ 67,978 Package store 18,416 $ 15,653 89,020 83,631 Corporate 51,853 44,371 Consolidated Totals $ 140,873 $ 128,002

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Apr. 02, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(10) SUBSEQUENT EVENTS: Subsequent events have been evaluated through the date these condensed consolidated financial statements were issued, no further events required disclosure.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Apr. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Components of Lease Expense	The components of lease expense are as follows: 13 Weeks 13 Weeks Ended April 2, 2022 Ended April 3, 2021 Finance Lease Amortization $ — $ 79,000 Finance Lease Expense, which is included in interest expense — 44,000 Operating Lease Expense, which is included in occupancy costs 916,000 808,000 $ 916,000 $ 931,000 26 Weeks 26 Weeks Ended April 2, 2022 Ended April 3, 2021 Finance Lease Amortization $ — $ 198,000 Finance Lease Expense, which is included in interest expense — 109,000 Operating Lease Expense, which is included in occupancy costs 1,834,000 1,867,000 $ 1,834,000 $ 2,174,000
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases is as follows: Classification on the Condensed Consolidated Balance Sheet April 2, 2022 October 2, 2021 Assets Operating lease assets $ 28,900,000 $ 28,559,000 Liabilities Operating lease current liabilities 2,213,000 2,009,000 Operating lease non-current liabilities $ 27,579,000 $ 27,183,000 Weighted Average Remaining Lease Term: Operating leases 9.21 Years 8.93 Years Weighted Average Discount: Operating leases 4.52% 4.62%
Schedule of Minimum Future Lease Payments	Total operating lease liabilities are as follows: For fiscal year 2022 Operating 2022 (six (6) months to October 1, 2022) $ 1,723,000 2023 3,501,000 2024 3,544,000 2025 3,537,000 2026 3,371,000 Thereafter 22,121,000 Total lease payments (Undiscounted cash flows) 37,797,000 Less imputed interest (8,005,000 ) Total operating lease liabilities $ 29,792,000

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
	Apr. 02, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting	We operate principally in two reportable segments – package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. Information concerning the revenues and operating income for the thirteen weeks and twenty-six weeks ended April 2, 2022 and April 3, 2021, and identifiable assets for the two reportable segments in which we operate, are shown in the following table. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. In computing operating income, none of the following items have been included: interest expense, other non-operating income and expenses and income taxes. Identifiable assets by segment are those assets that are used in our operations in each segment. Corporate assets are principally cash and real property, improvements, furniture, equipment and vehicles used at our corporate headquarters. We do not have any operations outside of the United States and transactions between restaurants and package liquor stores are not material. 13 Index (in thousands) Thirteen Weeks Ended April 2, 2022 Thirteen Weeks Ended April 3, 2021 Operating Revenues: Restaurants $ 31,444 $ 25,739 Package stores 8,148 7,830 Other revenues 738 788 Total operating revenues $ 40,330 $ 34,357 Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests Restaurants $ 1,675 $ 2,037 Package stores 760 735 2,435 2,772 Corporate expenses, net of other revenues (585) 21 Income from operations 1,850 2,793 Interest expense (177 ) (248 ) Interest and other income 23 19 Gain on forgiveness of PPP Loans — 3,653 Gain on sale of property and equipment — 8 Income Before Provision for Income Taxes $ 1,696 $ 6,225 Provision for Income Taxes (353 ) (533 ) Net Income 1,343 5,692 Net Income Attributable to Noncontrolling Interests 317 (3,241 ) Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders $ 1,660 $ 2,451 Depreciation and Amortization: Restaurants $ 542 $ 578 Package stores 79 87 621 665 Corporate 101 97 Total Depreciation and Amortization $ 722 $ 762 Capital Expenditures: Restaurants $ 1,671 $ 5,523 Package stores 874 169 2,545 5,692 Corporate 239 454 Total Capital Expenditures $ 2,784 $ 6,146 14 Index Twenty Six Weeks Ended April 2, 2022 Twenty Six Weeks Ended April 3, 2021 Operating Revenues: Restaurants $ 59,656 $ 48,510 Package stores 16,659 15,841 Other revenues 1,418 1,386 Total operating revenues $ 77,733 $ 65,737 Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests Restaurants $ 2,052 $ 3,217 Package stores 1,442 1,450 3,494 4,667 Corporate expenses, net of other revenues (879 ) (604 ) Income from Operations 2,615 4,063 Interest expense (370 ) (527 ) Interest and Other Income 37 31 Gain on forgiveness of PPP Loans 3,488 3,653 Gain on sale of property and equipment 11 33 Income Before Provision for Income Taxes $ 5,781 $ 7,253 Provision for Income Taxes (500 ) (529 ) Net Income 5,281 6,724 Net Income Attributable to Noncontrolling Interests (2,057 ) (3,493 ) Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders $ 3,224 $ 3,231 Depreciation and Amortization: Restaurants 1,063 1,171 Package stores 158 176 1,221 1,347 Corporate 200 189 Total Depreciation and Amortization $ 1,421 $ 1,536 Capital Expenditures: Restaurants $ 2,924 $ 6,287 Package stores 1,395 282 4,319 6,569 Corporate 476 682 Total Capital Expenditures $ 4,795 $ 7,251 April 2, October 2, 2022 2021 Identifiable Assets: Restaurants $ 70,604 $ 67,978 Package store 18,416 $ 15,653 89,020 83,631 Corporate 51,853 44,371 Consolidated Totals $ 140,873 $ 128,002

PRIVATE OFFERINGS (Details)

PRIVATE OFFERINGS (Details) - USD ($)	Oct. 15, 2021	Mar. 30, 2022	Feb. 15, 2022	Apr. 02, 2022
CIC Investors #85, Ltd [Member]
Private offerings	$ 5,000,000		$ 5,000,000
Purchase of limited partnership units			74
Purchase of limited partnership amount			$ 370,000
Limited partnership units per share	$ 5,000
CIC Investors #85, Ltd [Member] | Escrow Agent [Member]
Private offerings		$ 4,612,500
Purchase of limited partnership units		74
Purchase of limited partnership amount		$ 370,000
Private offering proceeds		5,000,000
Organizational costs		17,500
CIC Investors #25, Ltd [Member]
Private offerings	$ 4,000,000		$ 4,000,000
Limited partnership units per share	$ 5,000
Ownership interest				7.40%
CIC Investors #25, Ltd [Member] | Escrow Agent [Member]
Private offerings		3,982,500
Private offering proceeds		4,000,000
Organizational costs		$ 17,500

DEBT (Details)

DEBT (Details) $ in Thousands	6 Months Ended
	Apr. 02, 2022USD ($)
Debt Instrument [Line Items]
Principal amount outstanding	$ 1,527,000
Amount of coverage excluded for franchises	408,000
Financed Insurance Premiums [Member]
Debt Instrument [Line Items]
Amount of premium payable	254
Financed Insurance Premiums [Member] | Unaffiliated Third Party [Member]
Debt Instrument [Line Items]
Amount of premium payable	2,542,000
Amount of premium payable financed from third party lender	$ 2,328,000
Interest rate (per annum)	2.55%
Term of financing agreement	11 months
Monthly payment of principal and interest	$ 215,000
Payment frequency	monthly
Financed Insurance Premiums [Member] | General Liability Insurance Excluding Limited Partnership Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 467,000
Financed Insurance Premiums [Member] | General Liability Insurance for Limited Partnership Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 589,000
Financed Insurance Premiums [Member] | Automobile Insurance Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 194,000
Financed Insurance Premiums [Member] | Property Insurance Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 700,000
Financed Insurance Premiums [Member] | Excess Liability Insurance Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 576,000
Financed Insurance Premiums [Member] | Terrorist Insurance Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 8,900
Financed Insurance Premiums [Member] | Equipment Breakdown Insurance Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 6,800

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Construction Contracts) (Details) - USD ($)	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Apr. 02, 2022	Apr. 02, 2022	Jun. 29, 2019	Oct. 02, 2021	Oct. 03, 2020	Jan. 01, 2022
Third Party Agreement - Unaffiliated general contractor [Member]
Other Commitments [Line Items]
Total contract price			$ 1,618,000
Additional amount for renovation of construction in process				$ 2,242,000	$ 624,000
Amount of obligation paid	$ 0	$ 1,951,000
Design and Development Services - 2505 N. University Drive, Hollywood, Florida [Member]
Other Commitments [Line Items]
Total contract price			77,000			$ 2,515,000
Amount for renovation of construction in process			62,000
Subsequent Additional Change - 2505 N. University Drive, Hollywood, Florida [Member]
Other Commitments [Line Items]
Total contract price	226,000	226,000
Design and Development Services - 14301 W. Sunrise Boulevard, Sunrise, Florida [Member]
Other Commitments [Line Items]
Total contract price			$ 122,000
Amount for renovation of construction in process		131,000
Additional amount for renovation of construction in process		18,000			$ 122,000
Design and Development Services Revised Contract - 14301 W. Sunrise Boulevard, Sunrise, Florida [Member]
Other Commitments [Line Items]
Total contract price	140,000	140,000
Design and Development Services - Miramar, Florida ("Flanigan's Seafood Bar and Grill") [Member]
Other Commitments [Line Items]
Amount for renovation of construction in process	$ 180,000	1,421,000
Amount of obligation paid		$ 0
South Florida from unrelated third parties [Member]
Other Commitments [Line Items]
Lease term	15 years	15 years
South Florida from unrelated third parties [Member] | Minimum [Member]
Other Commitments [Line Items]
Lease term	10 years	10 years
South Florida from unrelated third parties [Member] | Maximum [Member]
Other Commitments [Line Items]
Lease term	30 years	30 years
Third Party Interior Renovations Services - 14301 W. Sunrise Boulevard, Sunrise, Florida [Member]
Other Commitments [Line Items]
Additional amount for renovation of construction in process		$ 1,236,000
Third Party Interior Renovations Services - 14301 W. Sunrise Boulevard, Sunrise, Florida [Member] | Minimum [Member]
Other Commitments [Line Items]
Additional amount for renovation of construction in process		215,000
Third Party Interior Renovations Services - 14301 W. Sunrise Boulevard, Sunrise, Florida [Member] | Maximum [Member]
Other Commitments [Line Items]
Additional amount for renovation of construction in process		1,451,000
Design and Development Services - Miramar, Florida ("Big Daddy's Wine and Liquors) [Member]
Other Commitments [Line Items]
Amount for renovation of construction in process	$ 0	317,000
Amount of obligation paid		$ 93,000

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Schedule of Components of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Apr. 02, 2022	Apr. 03, 2021
Commitments and Contingencies Disclosure [Abstract]
Finance Lease Amortization		$ 79		$ 198
Finance Lease Expense, which is included in interest expense		44		109
Operating Lease Expense, which is included in occupancy costs	916	808	1,834	1,867
Total lease expense	$ 916	$ 931	$ 1,834	$ 2,174

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES (Schedule of Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Oct. 02, 2021
Assets
Operating lease assets	$ 28,900	$ 28,559
Liabilities
Operating current liabilities	2,213	2,009
Operating lease non-current liabilities	$ 27,579	$ 27,183

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES (Schedule of Additional Information Related to Leases) (Details)	Apr. 02, 2022	Oct. 02, 2021
Commitments and Contingencies Disclosure [Abstract]
Weighted Average Remaining Lease Term - Operating leases	9 years 2 months 15 days	8 years 11 months 4 days
Weighted Average Discount - Operating leases	4.52%	4.62%

COMMITMENTS AND CONTINGENCIES_6

COMMITMENTS AND CONTINGENCIES (Schedule of Minimum Future Lease Payments) (Details) $ in Thousands	Apr. 02, 2022USD ($)
Operating leases:
2022 (six (6) months)	$ 1,723
2023	3,501
2024	3,544
2025	3,537
2026	3,371
Thereafter	22,121
Total lease payments (Undiscounted cash flows)	37,797
Less imputed interest	(8,005)
Total operating lease liabilities	$ 29,792

CORONAVIRUS PANDEMIC (Details)

CORONAVIRUS PANDEMIC (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Apr. 02, 2022	Apr. 03, 2021	Mar. 27, 2020
Gain on forgiveness of debt		$ 3,653	$ 3,488	$ 3,653
LPs [Member]
Loan aggregate principal amount					$ 33,500
Managed Store [Member]
Loan aggregate principal amount					6,300
PPP Loans Member]
Loan aggregate principal amount					$ 39,800

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Apr. 02, 2022	Jan. 01, 2022	Apr. 03, 2021	Jan. 02, 2021	Apr. 02, 2022	Apr. 03, 2021	Oct. 02, 2021
Operating Revenues:
Operating revenues	$ 40,330		$ 34,357		$ 77,733	$ 65,737
Income before corporate expenses	2,435		2,772		3,494	4,667
Corporate expenses, net of other revenues	(585)		21		(879)	(604)
Income from Operations	1,850		2,793		2,615	4,063
Interest expense	(177)		(248)		(370)	(527)
Interest and Other income	23		19		37	31
Gain on forgiveness of PPP Loans			3,653		3,488	3,653
Gain on sale of property and equipment			8		11	33
Income Before Provision for Income Taxes	1,696		6,225		5,781	7,253
Provision for Income Taxes	(353)		(533)		(500)	(529)
Net Income	1,343	$ 3,938	5,692	$ 1,032	5,281	6,724
Net Income Attributable to Noncontrolling Interests	317		(3,241)		(2,057)	(3,493)
Net Income Attributable to Flanigan's Enterprises, Inc. Stockholders	1,660		2,451		3,224	3,231
Depreciation and Amortization:
Depreciation and amortization	722		762		1,421	1,536
Capital Expenditures:
Capital expenditures	2,784		6,146		4,795	7,251
Identifiable Assets:
Assets	140,873				140,873		$ 128,002
Restaurants [Member]
Operating Revenues:
Operating revenues	31,444		25,739		59,656	48,510
Income before corporate expenses	1,675		2,037		2,052	3,217
Depreciation and Amortization:
Depreciation and amortization	542		578		1,063	1,171
Capital Expenditures:
Capital expenditures	1,671		5,523		2,924	6,287
Identifiable Assets:
Assets	70,604				70,604		67,978
Package stores [Member]
Operating Revenues:
Operating revenues	8,148		7,830		16,659	15,841
Income before corporate expenses	760		735		1,442	1,450
Depreciation and Amortization:
Depreciation and amortization	79		87		158	176
Capital Expenditures:
Capital expenditures	874		169		1,395	282
Identifiable Assets:
Assets	18,416				18,416		15,653
Other revenues [Member]
Operating Revenues:
Operating revenues	738		788		1,418	1,386
Corporate [Member]
Depreciation and Amortization:
Depreciation and amortization	101		97		200	189
Capital Expenditures:
Capital expenditures	239		454		476	682
Identifiable Assets:
Assets	51,853				51,853		44,371
Total segments [Member]
Depreciation and Amortization:
Depreciation and amortization	621		665		1,221	1,347
Capital Expenditures:
Capital expenditures	2,545		$ 5,692		4,319	$ 6,569
Identifiable Assets:
Assets	$ 89,020				$ 89,020		$ 83,631